Asian UHNWIs cross-border mobility is accelerating, and family offices are emerging as the primary structuring response as ultra-wealthy families adapt to increasingly mobile wealth, according to a commentary by Ocorian. Wealth growth in Greater China has outpaced Southeast Asia, with the UBS Global Wealth Report 2025 showing China’s millionaire population rising by more than 380 people a day in 2024. Ocorian said younger Chinese entrepreneurs are driving outward mobility foc

Family office expansion in Asia and the Middle East is accelerating as rising private wealth pushes families to diversify and professionalise investment, governance and operating models, recruiters say. Singapore and Hong Kong are competing aggressively for family office mandates, with Singapore’s single-family offices climbing to about 2,000 by end-2024, according to government data cited by Reuters. In the Gulf, Dubai and Abu Dhabi are attracting established regional famili

Hong Kong's new tax breaks are rocket fuel for its 2,700+ single-family offices (SFOs), making it the top hub for sustainable and tokenized investments. From 2025/26, zero profits tax hits digital assets (crypto), carbon credits, private credit, loans, and more in family funds—now including bond interest as fully qualifying, not "incidental", pulling in private credit funds and more bond flows. This cements HK's ESG leadership, with the existing mandatory disclosures for list

Nine in ten family offices around the world now make ESG —that's environmental, social, and governance factors—a key part of their everyday investing. This means putting money into companies that care about the planet, people, and good business practices, while still aiming for strong returns. A recent survey of 144 family offices in 15 countries shows 20% have half or more of their money in these "green" investments. In Hong Kong, with over 200 family offices already here an

Hong Kong has quietly moved from talking about family offices to competing hard for them. The government hit its original target of attracting 200 family offices by end‑2025 ahead of schedule, helped by a dedicated policy statement in 2023 and a very public courtship of UHNW families. Rather than declaring victory, policymakers are now in “Family Office 2.0” mode: deepen the ecosystem, upgrade the tools, and make Hong Kong a default base for regional and global wealth. What d

From “Don’t Lose Grandfather’s Money” to “Let’s Build the Future” Family offices in Hong Kong and Asia are steadily shifting from a pure capital‑preservation mindset toward a more creative deployment of capital . Instead of only asking “How do we avoid loss?”, many are also asking “What new engines of wealth and influence can we build?” Global and APAC surveys show rising allocations to private markets, growth equity and direct deals, especially where families can contribute

Asia family office hubs are accelerating their professionalisation as newly wealthy entrepreneurs establish dedicated organisations and compete for experienced talent, according to a compensation benchmark report by KPMG Private Enterprise and recruiter Agreus. The study was based on an online survey of 585 family-office professionals ranging from personal assistants to principals, alongside 20 in-depth interviews with senior leaders worldwide. Singapore and Hong Kong continu

Hong Kong Financial Secretary Paul Chan met representatives from Hong Kong family offices across Europe, the Middle East and Asia in London this week, intensifying efforts to draw private wealth and fintech firms to the city. The discussions highlighted how Hong Kong family offices remain central to Hong Kong’s global outreach strategy. UK-based digital bank Revolut is among the companies preparing to establish operations in the city after meeting Chan, according to people fa

Hong Kong family offices are expanding rapidly as the city hits its end‑2025 target ahead of schedule, driven by Hong Kong family office tax incentives and an upgraded investor‑migration scheme. InvestHK said more than 200 family offices had set up or expanded in the city by September, helped by profits‑tax exemptions, a six‑month holding rule under the Capital Investment Entrant Scheme, and simplified operational requirements. Authorities estimate Hong Kong hosts over 2,700

Global wealthy families are increasingly turning to Hong Kong family offices as a base to access private investments in mainland China, particularly in electric vehicles, artificial intelligence, biotech, and selectively in real estate, according to Swiss family office platform Club Estate. The Zurich-based firm, which manages about 700m Swiss francs (USD884m) and operates in Luxembourg, Singapore, and Hong Kong, said clients are also diversifying away from US dollar assets i

Blue Pool Capital private equity fund ambitions are expanding as the Hong Kong-based family office of Alibaba co-founder Joseph Tsai launches fundraising for its first private equity vehicle open to external investors, with a target of USD750m. The Riverside fund will pursue majority or minority stakes in mid-sized businesses valued at USD100m to USD1bn across high-end retail, fintech, digital banking, payments, and AI-enabled software. The move marks a strategic shift for Bl

Raffles Family Office has strengthened its Hong Kong presence with the appointments of Michael Tung as Managing Director and Jennie Liang...

Hong Kong 2025 Policy Address maps tax, digital and family office measures to strengthen the city’s role as a global financial hub,...

A new survey shows that nearly 20% of family offices worldwide now allocate at least half their portfolios to environmental, social and...

VMS Group, a Hong Kong-based multi-family office managing approximately USD4bn, is expanding into hedge funds to cater to client demand...

High-net-worth shareholders of mainland Chinese firms are increasingly establishing family offices in Hong Kong after their IPOs,...